Form 4: Advance Auto Parts CEO's RSU Tax Withholding

Advance Auto Parts CEO Shane M. OKelly reported the withholding of 11,505 shares for tax obligations upon the vesting of restricted stock units.

Summary

• Shane M. OKelly, Director, President, and CEO of Advance Auto Parts Inc. (AAP), reported a transaction on September 18, 2025.
• The transaction involved the disposition of 11,505 shares of common stock at a price of $60.12 per share.
• These shares were withheld to satisfy tax liabilities upon the vesting of time-based restricted stock units (RSUs).
• The RSUs were originally granted on September 18, 2023, and vest in three equal annual installments, starting one year from the grant date.
• Following this transaction, Mr. OKelly beneficially owns 169,590 shares of common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the withholding of shares for tax purposes upon RSU vesting, which is a neutral event with no direct positive or negative implications for the company's operational or financial outlook.

Future Outlook

This filing reports a historical insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This insider transaction is a routine event related to executive compensation and tax obligations, and it does not provide specific insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, non-discretionary transaction related to executive compensation and tax obligations.

Next Steps

• Future vesting events for the remaining restricted stock units granted on September 18, 2023, will occur in equal annual installments.

Key Dates

Recommendation

This Form 4 filing details a routine tax withholding event related to the vesting of restricted stock units for a key executive. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Such transactions are common and expected as part of executive compensation plans.

Keywords

Advance Auto Parts, AAP, Shane M. OKelly, Form 4, insider transaction, RSU, restricted stock units, tax withholding, CEO, director